The purchase price represents an approximately 63% premium to the closing stock price of the Company's stock on March 8, 2024, the last trading day prior to announcing the transaction. Following completion of the transaction, Starrett will become a wholly owned subsidiary of MiddleGround and Starrett's Class A common stock will no longer be listed on any public market.
Starrett Enters Go-Private Transaction With An Affiliate Of MiddleGround Capital In An All-Cash Transaction For $16.19 Per Share
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